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Argentina's Downward Spiral Leads
To Boom for Roiled Nation's Lawyers

By

Mike Esterl Dow Jones Newswires

Updated May 12, 2002 6:47 p.m. ET

NEW YORK -- Business is booming again in Argentina -- if you are a lawyer.

The South American country's economy, in recession since mid-1998, is expected to plunge an additional 10% to 15% this year. About 1.5 million Argentines have slipped below the poverty line in the past five months. The ranks of the unemployed have swelled to around 30%. And the legal profession is busier than ever.